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Distributions
12 Months Ended
Dec. 31, 2013
Distributions  
Distributions

13.   Distributions

        We must distribute at least 90% of our taxable income in order to continue to qualify as a REIT. This distribution requirement can be satisfied by current year distributions or, to a certain extent, by distributions in the following year.

        For federal tax purposes, distributions to stockholders are treated as ordinary income, capital gains, return of capital or a combination thereof. Distributions for 2013, 2012 and 2011 were cash distributions. The federal income tax classification of the per share common stock distributions are as follows (unaudited):

 
  Year Ended December 31,  
 
  2013   2012   2011  

Ordinary taxable distribution

  $ 1.534   $ 1.539   $ 1.370  

Return of capital

    0.313     0.242     0.295  

Unrecaptured Section 1250 gain

    0.058     0.004      

Long term capital gain

        0.005     0.015  
               

Total

  $ 1.905   $ 1.790   $ 1.680